NOT LISTED FOR SALE

703 Prince Edward St Fredericksburg, VA 22401

Downtown Fredericksburg Neighborhood

Estimated Value: $599,342

Studio
2 Baths
2,400 Sq Ft
$250/Sq Ft Est. Value

Sale Details

Date Sold: November 8, 2024

Last sale price $550,000 $229 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,741 / mo

18 Days on Market

Highlights

  • Traditional Floor Plan
  • Main Floor Bedroom
  • 5 Fireplaces
  • Wood Flooring
  • Victorian Architecture
  • 3-minute walk to Hurkamp Park

About This Home

As of November 2024

Welcome to 703 Prince Edward Street, a charming duplex located in the heart of historic downtown Fredericksburg, offering both investment potential and residential appeal. Zoned CD (Commercial Downtown), this property is currently configured as two units: a 2-bedroom on the main level and a 3-bedroom on the upper floors, generating $2,800 in monthly rental income from long-term tenants, with leases and deposits to be assigned to the purchaser at settlement. Buyers can explore various options, from continuing its use as an investment property to converting it back into a single-family home or even living in one unit while renting out the other. The property holds great potential for value-add improvements, making it a versatile opportunity for investors or homeowners. Located in a vibrant, community-centered town, residents enjoy easy access to restaurants, boutique shopping, craft and farmers markets, and year-round cultural events. Commuters benefit from proximity to the VRE, Amtrak, and I-95, offering convenient access to Washington D.C., Northern Virginia, and Richmond. Embrace the benefits of living in a historic town with a rich sense of community, while also tapping into Fredericksburg’s strong rental market. This is an exceptional chance to own a piece of history and make it your own. Don’t miss out on this opportunity—schedule your showing today!

Last Agent to Sell the Property

Heather O'Neill

(540) 373-0100 kbreen@coldwellbanker.com Coldwell Banker Elite License #0225091923 Listed on: 09/15/2024

Coldwell Banker Elite

Co-Listed By

Allison Graves

(540) 373-0100 kbreen@coldwellbanker.com Coldwell Banker Elite License #0225083193

Last Buyer's Agent

Gregory Talley

(703) 590-8199 talleyteam@comcast.net Bright Leaf Property Services LLC License #0225055279

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,465

Year Built

  • Built in 1889

Lot Details

  • 4,792 Sq Ft Lot
  • Downtown Location
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Victorian Architecture
  • Brick Foundation
  • Plaster Walls
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • Traditional Floor Plan
  • Crown Molding
  • Ceiling Fan
  • 5 Fireplaces
  • Family Room Off Kitchen

Kitchen

  • Galley Kitchen
  • Stove

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub with Shower

Outdoor Features

  • Porch

Schools

  • Walker-Grant Middle School
  • James Monroe High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for common area maintenance, lawn/shrub care, real estate taxes, trash collection, water, insurance
  • Tax Lot 296
  • Assessor Parcel Number 7789-13-1937

Community Details

Overview

  • 2 Units
  • 3-Story Building

Building Details

  • Insurance Expense $1,249
  • Trash Expense $1,226
  • Operating Expense $12,510
  • Net Operating Income $21,089

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,465

Year Built

Built in 1889

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Standard Status: Closed
  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal property; Ring doorbell; Tenant's plants/personal items in the yard.
  • New Construction: No
  • Year Built: 1889
  • Automatically Close On Close Date: No
  • MLS Status: CLOSED-BRIGHT
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Stove
  • Flooring Type: Wood, Vinyl, Tile/Brick, Carpet
  • Interior Amenities: Ceiling Fan(s), Carpet, Crown Moldings, Bathroom - Tub Shower, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Galley, Wood Floors
  • Fireplaces Count: 5
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Brick/Mortar
  • Basement: No
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 260.42
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • Exterior Features: Sidewalks
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s), Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: CALL SCHOOL BOARD
  • High School: JAMES MONROE
  • Middle Or Junior School: WALKER-GRANT

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4791.60
  • Outdoor Living Structures: Porch(es)
  • Zoning: CD
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Common Area Maintenance, Lawn/Shrub Care, Taxes - Real Estate, Trash Collection, Water, Insurance
  • Rent Control: No
  • Total Actual Rent: 33600.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3465.00
  • Assessor Parcel Number: 7789-13-1937
  • Tax Lot: 296
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Gross Income: 33600.00
  • Operating Expense: 12510.00

MLS Schools

  • School District Name: FREDERICKSBURG CITY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2024
Closed on
Nov 7, 2024
Sold by
Graves Lewis W and Graves Susan A
Bought by
Seller's Agent
Heather O'Neill
Coldwell Banker Elite
Buyer's Agent
Gregory Talley
Bright Leaf Property Services LLC
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%
Views
61
Current Estimated Value
$599,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,342
Avg. Annual Appreciation
4.75%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Fredericksburg, VA

  • Mark Queener Real Estate Agent - Berkshire Hathaway HomeServices PenFed Realty

    Mark Queener

    Berkshire Hathaway HomeServices PenFed Realty

    (240) 414-8760

    153 Total Sales

    1 in Downtown Fredericksburg

    $600,000 Price

    Mark Queener
     Section Image
  • Scott Cleveland Real Estate Agent - RE/MAX Supercenter

    Scott Cleveland

    RE/MAX Supercenter

    (540) 361-6580

    441 Total Sales

    5 in Downtown Fredericksburg

    $300K - $1.5M Price Range

    Scott Cleveland
     Section Image
  • Helen Argueta Real Estate Agent - Samson Properties

    Helen Argueta

    Samson Properties

    (571) 520-9201

    35 Total Sales

    1 in Downtown Fredericksburg

    $545,000 Price

    Helen Argueta
     Section Image
  • Mary Tibbatts Real Estate Agent - CENTURY 21 New Millennium

    Mary Tibbatts

    Responds Quickly

    CENTURY 21 New Millennium

    (540) 701-5997

    58 Total Sales

    2 in Downtown Fredericksburg

    $1.7M - $1.8M Price Range

    Mary Tibbatts
     Section Image
  • Mr. Eric Stewart Real Estate Agent - Long & Foster Real Estate, Inc.

    Mr. Eric Stewart

    Long & Foster Real Estate, Inc.

    (240) 702-1551

    381 Total Sales

    1 in Downtown Fredericksburg

    $900,000 Price

    Mr. Eric Stewart
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 Stewart Title Guaranty Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $195,000
Previous Owner Graves Lewis W $225,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2024 11/08/24 Sold $550,000 0.0% $229 / Sq Ft
11/08/2024 11/08/24 Sold $550,000 -12.0% $229 / Sq Ft View Prior Sale
09/15/2024 09/15/24 For Sale $625,000 0.0% $260 / Sq Ft
09/15/2024 09/15/24 For Sale $625,000 0.0% $260 / Sq Ft
10/03/2014 10/03/14 Rented $1,150 0.0% --
10/01/2014 10/01/14 Under Contract -- -- --
09/15/2014 09/15/14 For Rent $1,150 -4.2% --
03/06/2014 03/06/14 Rented $1,200 -4.0% --
03/03/2014 03/03/14 Under Contract -- -- --
02/07/2014 02/07/14 For Rent $1,250 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $4,278 $528,200 $235,000 $293,200
2025 $4,067 $528,200 $235,000 $293,200
2024 $3,716 $417,500 $197,000 $220,500
2023 $3,591 $417,500 $197,000 $220,500
2022 $3,465 $417,500 $197,000 $220,500
2021 $3,465 $417,500 $197,000 $220,500
2020 $2,804 $329,900 $196,600 $133,300
2019 $2,639 $329,900 $196,600 $133,300
2018 $2,639 $329,900 $196,600 $133,300
2017 $2,639 $329,900 $196,600 $133,300
2012 -- $305,200 $189,500 $115,700
Source: Public Records

Agents Affiliated with this Home

  • Heather O'Neill Real Estate Agent - Coldwell Banker Elite

    Seller's Agent in 2024

    Heather O'Neill

    Coldwell Banker Elite

    (540) 907-8133

    3 in this area

    57 Total Sales

    Heather O'Neill
    Section Image
  • Allison Graves Real Estate Agent - Coldwell Banker Elite

    Seller's Agent in 2024

    Allison Graves

    Coldwell Banker Elite

    (540) 373-0100

    10 in this area

    27 Total Sales

    Allison Graves
    Section Image

  • GT

    Buyer's Agent in 2024

    Gregory Talley

    Bright Leaf Property Services LLC

    (703) 489-0473

    2 in this area

    21 Total Sales

    Gregory Talley
    Section Image
  • Tim Webb Real Estate Agent - Lando Massey Real Estate

    Seller's Agent in 2014

    Tim Webb

    Lando Massey Real Estate

    (540) 907-0014

    1 in this area

    18 Total Sales

    Tim Webb
    Section Image
  • Dorothy Pett Real Estate Agent - Coldwell Banker Elite

    Buyer's Agent in 2014

    Dorothy Pett

    Coldwell Banker Elite

    (540) 846-0129

    1 Total Sale

    Dorothy Pett
    Section Image
  • Teresa Irish Real Estate Agent - Weichert Corporate

    Buyer's Agent in 2014

    Teresa Irish

    Weichert Corporate

    (540) 903-7418

    23 Total Sales

    Teresa Irish
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: VAFB2006760

Bright MLS

APN: 84-703

Virginia Fredericksburg County Fredericksburg 22401 Downtown Fredericksburg

703 Prince Edward St, Fredericksburg, VA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.